Annual Report 2011 - Sydney Opera House
Annual Report 2011 - Sydney Opera House
Annual Report 2011 - Sydney Opera House
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68Net investment in SYDNEY OPERA HOUSE PROGRAMMING05/06 06/07 07/08 08/09 09/10 10/11$3.3m$3.5m$4.2m$2.4m$2.8m$3m<strong>2011</strong> 2010NOTE $’000 $’000<strong>Opera</strong>ting ActivitiesRevenues<strong>Opera</strong>ting revenues 79,163 65,942Government endowment 14,316 14,44393,479 80,385Expense<strong>Opera</strong>ting expense (90,295) (78,571)<strong>Opera</strong>ting profit before depreciation & other activities 3,184 1,814Depreciation expense (15,313) (17,008)Other ActivitiesRevenuesMaintenance Grant 29,469 29,013Capital Grant 1,930 0Asset related adjustment revenue 985 675Increased in Prepaid superannuation 242 364Restricted donation revenues 343 5332,969 30,105ExpensesBuilding refurbishment & maintenance expense (25,775) (26,604)Asset related adjustment expense (33) (2,595)Restricted donation expense (39) (100)(25,847) (29,299)Other Activities Profit / (Loss) 7,122 806Surplus / (Deficit) for the year as per AuditedFinancial <strong>Report</strong> Income Statement (5,007) (14,388)
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